Smiths Group scheme conducts £176m buy-in with Canada Life

James Phillips
clock • 1 min read

The Smiths Industries Pension Scheme has secured a £176m buy-in with Canada Life, its second with the insurer.

The buy-in is approximately 6% of the £3bn scheme's liabilities, and is Canada Life's first announced deal of 2019. The scheme has now conducted three buy-ins across two insurers, and took advan...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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